Banco Bilbao Vizcaya Argentaria, S.A.

 “BBVA, S.A.”, pursuant to the provisions of article 82 of the Spanish
Securities Market Act, proceeds by means of the present document to notify the
following:


RELEVANT EVENT


In connection with the buy back programme of BBVA shares announced by means of
the relevant event number 56415 on March 29, 2005, and pursuant to article 4.4.
of Regulation (CE) Nº 2273/2003 of the European Commission, Banco Bilbao
Argentaria, S.A. announces that the company Corporación Industrial y de
Servicios, S.L., fully owned subsidiary of the group BBVA, has conducted the
following trades in shares of Banco Bilbao Vizcaya Argentaria, S.A. on June 27,
2005:


Date	      Buy / Sell	Nº of shares	Price
27/06/2005	Buy	          30,000	12.48
27/06/2005	Buy	          30,000	12.49
27/06/2005	Buy	         120,000	12.50
27/06/2005	Buy	         150,000	12.51
27/06/2005	Buy	         220,000	12.52
27/06/2005	Buy	         220,000	12.53
27/06/2005	Buy	         300,000	12.54
27/06/2005	Buy	         915,000	12.55
27/06/2005	Buy	         510,000	12.56
27/06/2005	Buy	         235,000	12.57
27/06/2005	Buy	          35,000	12.58
27/06/2005	Buy	          35,000	12.59
27/06/2005	Buy	          35,000	12.60

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Banco Bilbao Vizcaya Argentaria, S.A.

Date: June 28, 2005	By:	Javier MALAGON NAVAS
	Name:	Javier MALAGON NAVAS
	Title:	Authorized Representative of Banco Bilbao Vizcaya Argentaria, S.A.

Banco Bilbao Vizcaya Argentaria, S.A. ———————————————————————————————————
(Translation of registrant’s name into English)

Kingdom of Spain ———————————————————————————————————
(Jurisdiction of incorporation or organization)

Plaza San Nicolás 4 48005 - BILBAO (SPAIN)
——————————————————————————————————— (Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: [x] Form 20-F [ ] Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: [ ] Yes [x] No